SVIX vs. SOLT

Last updated Jun 4, 2026

SVIX (Volatility Shares -1x Short VIX Futures ETF) and SOLT (2x Solana ETF) are both exchange-traded funds - SVIX is a Inverse Equities fund managed by Volatility Shares, while SOLT is a Blockchain fund actively managed by Volatility Shares. Over the past year, SVIX returned 51.46% vs -89.03% for SOLT. At a 0.38 correlation, their price movements are largely independent. SVIX charges 1.47%/yr vs 1.85%/yr for SOLT.

Performance

SVIX vs. SOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares -1x Short VIX Futures ETF (SVIX) and 2x Solana ETF (SOLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVIX achieves a -8.17% return, which is significantly higher than SOLT's -71.73% return.

SVIX

• 1D: -0.09%
• 1M: 16.92%
• YTD: -8.17%
• 6M: 7.59%
• 1Y: 51.46%
• 3Y*: -0.59%
• 5Y*: —
• 10Y*: —

SOLT

• 1D: -14.08%
• 1M: -21.67%
• YTD: -71.73%
• 6M: -78.15%
• 1Y: -89.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SVIX vs. SOLT - Yearly Performance Comparison

	2026 (YTD)	2025
SVIX Volatility Shares -1x Short VIX Futures ETF	-8.17%	10.94%
SOLT 2x Solana ETF	-71.73%	-53.74%

Correlation

The correlation between SVIX and SOLT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.38

Return for Risk

SVIX vs. SOLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SVIX

SVIX Risk / Return Rank: 26
SVIX Sharpe Ratio Rank: 26
SVIX Sortino Ratio Rank: 26
SVIX Omega Ratio Rank: 29
SVIX Calmar Ratio Rank: 25
SVIX Martin Ratio Rank: 25

SOLT

SOLT Risk / Return Rank: 2
SOLT Sharpe Ratio Rank: 4
SOLT Sortino Ratio Rank: 3
SOLT Omega Ratio Rank: 3
SOLT Calmar Ratio Rank: 1
SOLT Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SVIX vs. SOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares -1x Short VIX Futures ETF (SVIX) and 2x Solana ETF (SOLT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SVIX	SOLT	Difference
Sharpe ratio Return per unit of total volatility	0.95	-0.61	+1.55
Sortino ratio Return per unit of downside risk	1.46	-1.06	+2.52
Omega ratio Gain probability vs. loss probability	1.20	0.88	+0.32
Calmar ratio Return relative to maximum drawdown	1.21	-0.95	+2.16
Martin ratio Return relative to average drawdown	3.50	-1.34	+4.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVIX vs. SOLT - Sharpe Ratio Comparison

The current SVIX Sharpe Ratio is 0.95, which is higher than the SOLT Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of SVIX and SOLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SVIX	SOLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	-0.61	+1.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	-0.54	+0.70

Drawdowns

SVIX vs. SOLT - Drawdown Comparison

The maximum SVIX drawdown since its inception was -79.30%, smaller than the maximum SOLT drawdown of -94.66%. Use the drawdown chart below to compare losses from any high point for SVIX and SOLT.

Drawdown Indicators

	SVIX	SOLT	Difference
Max Drawdown Largest peak-to-trough decline	-79.30%	-94.66%	+15.36%
Max Drawdown (1Y) Largest decline over 1 year	-42.69%	-94.66%	+51.97%
Max Drawdown (3Y) Largest decline over 3 years	-79.30%	—	—
Current Drawdown Current decline from peak	-56.14%	-94.66%	+38.52%
Average Drawdown Average peak-to-trough decline	-31.60%	-53.19%	+21.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.75%	67.35%	-52.60%

Volatility

SVIX vs. SOLT - Volatility Comparison

The current volatility for Volatility Shares -1x Short VIX Futures ETF (SVIX) is 7.38%, while 2x Solana ETF (SOLT) has a volatility of 31.27%. This indicates that SVIX experiences smaller price fluctuations and is considered to be less risky than SOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVIX	SOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.38%	31.27%	-23.89%
Volatility (6M) Calculated over the trailing 6-month period	41.05%	103.89%	-62.84%
Volatility (1Y) Calculated over the trailing 1-year period	54.75%	146.84%	-92.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.27%	150.91%	-84.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.27%	150.91%	-84.64%

SVIX vs. SOLT - Expense Ratio Comparison

SVIX has a 1.47% expense ratio, which is lower than SOLT's 1.85% expense ratio.

Dividends

SVIX vs. SOLT - Dividend Comparison

SVIX has not paid dividends to shareholders, while SOLT's dividend yield for the trailing twelve months is around 5.41%.

Position	TTM	2025
SOLT 2x Solana ETF	5.41%	1.22%
SVIX Volatility Shares -1x Short VIX Futures ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SVIX and SOLT in my portfolio?

SVIX and SOLT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVIX or SOLT?

SOLT has higher volatility (31.27%) compared to SVIX (7.38%). In terms of maximum drawdown, SVIX dropped -79.30% vs SOLT's -94.66%.

Which ETF is better, SVIX or SOLT?

On 1-year performance, SVIX leads with 51.46% vs -89.03% for SOLT. On fees, SVIX is cheaper at 1.47% per year. On volatility, SVIX has been the lower-risk option at 7.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SVIX or SOLT?

Over the 1-year period, SVIX has performed better with a 51.46% return vs -89.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SVIX or SOLT?

SVIX is cheaper with a 1.47% expense ratio, compared with 1.85% for SOLT.

Which ETF pays a higher dividend yield, SVIX or SOLT?

SOLT has the higher dividend yield at 5.41%, compared with 0.00% for SVIX.

What is the main difference between SVIX and SOLT?

SVIX is categorized as Inverse Equities, while SOLT is Blockchain. Their fees differ too: 1.47% for SVIX and 1.85% for SOLT.

Which has better risk-adjusted returns?

SVIX currently has the higher Sharpe Ratio (0.95 vs -0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.